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2. CRITERIA FOR IMPLEMENTING SMART CONTRACT TECHNOLOGY FOR HR PRACTITIONERS

Author

Ioakimidis, Marilou and Magoutas, Anastasios

Subjects
Human resource directors, Security management, Human resource departments, Contract agreement, Company personnel management, Business, Economics, Business, international, Regional focus/area studies
Abstract

It is widely held that smart contracts on a blockchain possess several unique properties, including immutability, disintermediation, and enhanced security, that can be advantageous to organizations. In particular, having these properties can enable smart contracts to benefit human resources departments in a number of ways, including applicant verification, tracking employee skills and tasks, and facilitating compensation. However, it is also reported that effectively implementing smart contracts involves a number of challenges to HR managers. To address these challenges, it would be valuable to establish criteria to help HR managers employ smart contracts successfully. The purpose of this paper is to develop a set of such criteria. The paper first provides an overview of the nature of blockchain and smart contracts and then, based on a review of relevant literature, describes how implementation of blockchain-enabled smart contracts in an HR department may benefit an organization by producing transaction cost savings through expediting processes, enhancing security, and reducing intermediaries. The paper then focuses on various challenges that have been identified in the literature to the successful use of smart contracts. These include issues regarding smart contract integrity, immutability, and security, as well as potential problems associated with a variety of legal issues. Synthesizing this information, the paper develops a set of best practice guidelines to help HR managers determine whether and how to employ smart contracts successfully for HR-related processes. The guidelines emphasize the importance of initial understanding and testing of planned smart contracts, protecting security by ensuring that only permissioned people can access smart contract data, and guaranteeing the integrity of smart contracts by paying very close attention to the translation of natural to programming language and establishing robust reviews of programmed contracts. Policy implications of the guidelines include the importance of HR departments ensuring that all employees who are involved in implementing the technology have a good understanding of the nature and capabilities of smart contracts, that robust methods be implemented to guarantee that the contracts are correctly programmed, and that HR managers keep abreast of legislative environment related to legal issues that may affect their department's use of smart contracts. JEL classifications: M12, M5, O33, L20 Keywords: Smart Contract, HRM, Blockchain technology, INTRODUCTION Utilizing smart contracts on a blockchain can improve processes common to human resource management (HRM), including refining applicant verification; accurately and securely tracking individual employees' skills, talents, and tasks; [...]

Published
2024

3. Interest in student apprenticeships is growing. Will Indy businesses step up?

Subjects
Apprenticeship -- Training, Teenagers -- Training, Youth -- Training, Human resource departments, News, opinion and commentary
Abstract

Sign up for (https://in.chalkbeat.org/newsletters/subscribe) Chalkbeat Indiana's free daily newsletter to keep up with Indianapolis Public Schools, Marion County's township districts, and statewide education news. This article was (https://mirrorindy.org/employindy-modern-apprenticeship-program-indianapolis-schools-work-based-learning/) originally published [...]

Published
2024

4. 3 work problems HR can't solve for you, from an HR professional

Subjects
Company personnel management, Human resource departments
Abstract

Amy Lentz is the chief people officer at Toms Shoes, and she posts HR content on social media. While HR departments can be helpful, they can't fix your problems unless [...]

Published
2024

5. PracticeTek's HR Team Chosen as SDHR Forum Team of the Year Award

Subjects
Healthcare industry software -- Achievements and awards, Health care industry -- Achievements and awards, Human resource departments, Health care industry, Arts and entertainment industries
Abstract

PracticeTek, a company focusing on healthcare software solutions, reported that its Human Resources team has been honored with the coveted HR Team of the Year award by the SDHR Forum. [...]

Published
2024

6. What's in new staff rights bill and who should be worried? It's been hailed as the best news for workers in years, but it's set to ban a number of industry practices and heap challenges on HR teams

Subjects
Labor law, Human resource departments, Business, Food and beverage industries, Business, international
Abstract

Byline: Steve Farrell Unions have been singing Labour's praises over its Employment Rights Bill, with Usdaw hailing it as doing more for workers in 100 days of government than the [...]

Published
2024

7. PracticeTek's HR Team Gets SDHR Forum Team of the Year Award

Subjects
Healthcare industry software -- Achievements and awards, Health care industry -- Achievements and awards, Human resource departments, Health care industry, Arts and entertainment industries
Abstract

PracticeTek, a provider of healthcare software solutions, proudly reported that its Human Resources team has been honored with the coveted HR Team of the Year award by the SDHR Forum. [...]

Published
2024

8. DIVERSITY LEADERS; Abigail Epane-Osuala

Subjects
Employee selection, Human resource departments, Pressure groups, Hiring, Company personnel management, Business, Health care industry
Abstract

Abigail Epane-Osuala Chief diversity, equity and inclusion officer and HR strategic initiatives GE HealthCare Epane-Osuala brings more than 20 years of executive human resources experience to her current role. She [...]

Published
2024

9. Pooja Duggal steps down as Head of Human Resources at Zee Media

Subjects
HT Media Ltd. -- Human resource management, Jindal Steel and Power Ltd. -- Human resource management, Steel industry -- Human resource management, Newspaper publishing -- Human resource management, Human resource departments, Company personnel management, Advertising, marketing and public relations
Abstract

Byline: Adgully Bureau Pooja Duggal has stepped down from her role as Head of Human Resources at Zee Media, concluding her time with the company. Duggal, who began her journey [...]

Published
2024

10. HR Data Doodles: Season 4 - No Place for Vengeance in HR

Subjects
Computer software industry, Books -- Book reviews, Fruit industry, Human resource departments, Literature/writing
Abstract

HR Data Doodles: Season 4 - No Place for Vengeance in HR, David Turetsky, David Turetsky, 15.99 (90p), 9798988933649 Genre: Comics/Graphic Novels The fourth entry (or 'season') in Turetsky's upbeat, [...]

Published
2024

11. Paylocity introduces Benefits Decision Support product

Subjects
Employee benefits, Human resource departments, Employee benefits, Company personnel management, Business, News, opinion and commentary
Abstract

Paylocity introduces Benefits Decision Support, a new product to simplify benefits enrollment for HR teams by offering employees personalized benefits recommendations based on their individual health needs, financial considerations, and [...]

Published
2024

12. A PIP means you've probably already been quiet fired, says management academic

Subjects
Human resource departments, Company personnel management, Consumer news and advice, General interest
Abstract

A management academic who was put on a performance-improvement plan called them a form of quiet firing. Catherine Rymsha explained that PIPs are often used by HR to push employees [...]

Published
2024

13. Global Credit Union

Subjects
Executives, Credit unions -- Officials and employees -- Human resource management, Human resource departments, Company personnel management, Business, Business, regional
Abstract

Three Anchorage-based employees earn promotions to the executive team at Global Credit Union * Jessica Graham is now Executive Vice President and Chief Risk Officer, responsible for support services and [...]

Published
2024

14. Human Resources employee jailed after she paid herself £100k and tried to hack into boss's emails; 'She abused the privileges of her managerial position to pay off her personal debts'

Subjects
Electronic mail systems, Personal finance, Construction industry -- Human resource management, Fraud, Human resource departments, E-mail, Company personnel management, General interest, News, opinion and commentary
Abstract

Byline: By, Lucy Williamson A woman who worked in the HR department of an American consultancy and a property and construction company has been sentenced after it was revealed that [...]

Published
2024

15. Gregg Wallace's 'angry on-set outbursts caught on camera two years ago -but BBC failed to act'; Online pressure group 's**tmenintvhavesaidtome' allegedly contacted the BBC's HR department to warn them of Gregg Wallace's behaviour two years ago but bosses 'failed to engage'

Subjects
British Broadcasting Corp. BBC News -- Human resource management, Human resource departments, Company personnel management, General interest, News, opinion and commentary
Abstract

Byline: By, Chiara Fiorillo Incidents of 'angry outbursts' by Gregg Wallace accused of groping three different women including one on MasterChef set were allegedly caught on camera two years ago [...]

Published
2024

16. 40 UNDER 40; Rachele Hill 39

Subjects
Career development, Employee development, Human resource departments, Company personnel management, Business, Business, regional
Abstract

Byline: Judy Stringer Rachele Hill 39 Director of human resources, Osborn Engineering Rachele Hill joined Osborn Engineering as its first human resources-designated employee in 2017 and built the 130-year-old company's [...]

Published
2024

17. 'I got told off at work for 'inappropriate' outfit -- HR say I'm begging for attention'; If you've ever been told your office attire isn't appropriate, you'll know how humiliating it can be -- but one defiant woman said, 'Who cares?' when she was targeted by HR for her clothes

Subjects
Clothing and dress, Human resource departments, General interest, News, opinion and commentary
Abstract

Byline: By, Danielle Kate Wroe If you've worked in an office for a while, you've probably worked out the do's and don'ts when it comes to dress code. Of course, [...]

Published
2024

19. Abel HR Inc. | In the Lead

Subjects
Employee benefits, Lease and rental services industry, Human resource departments, Company business management, Employee benefits, Business, regional
Abstract

Byline: NJBIZ STAFF Founded in 1992 by James Bell, Cranbury-based Abel HR is a family-owned and operated professional employer organization that provides small to mid-sized firms with the advantages of [...]

Published
2024

24. Wilson & Company Updates on Promotions

Subjects
Executives, Human resource departments, Arts and entertainment industries
Abstract

Wilson & Company, Inc., Engineers & Architects, reported the recent promotions of Catherine Cochrane, Brenda Bevington, and Amy Straquadine, and significant enhancements in its accounting, business programs, and human resources [...]

Published
2024

27. Pakistan Cables wins Gold Award for 'Women Empowerment, Gender Equality'

Subjects
Women's rights, Gender equality, Human resource departments, Company personnel management, Engineering and manufacturing industries
Abstract

Pakistan Cables won the Gold Award at the 'Women Empowerment and Gender Equality' recognition Awards 2024 ceremony organized by the Employers' Federation of Pakistan. The award was presented by the [...]

Published
2024

28. Hackett: Digital World Class(r) HR Teams Double Technology Investment and Serve 65% More Employees per HR Staff

Subjects
The Hackett Group Inc. -- Officials and employees, Labor costs, Human resource departments, General interest, News, opinion and commentary
Abstract

MIAMI: THE HACKETT GROUP, INC has issued the following news release: The Hackett Group, Inc. (NASDAQ: HCKT), Digital World Class(r) human resources (HR) organizations have continued to establish their leadership [...]

Published
2024

29. Future Workplaces are Where Automation Meets Human Ingenuity

Subjects
Human resource departments, Computers
Abstract

Byline: Kumar Ananthanarayana A Deloitre poll of Indian businesses found that 42% of respondents see productivity boost as a key benefit of generative artificial intelligence. The findings underscore what many [...]

Published
2024

30. SixFifty's New AI Search Delivers Instant Answers on Employment Law for HR Teams

Subjects
Labor law, Attorneys, Human resource departments, Business, News, opinion and commentary
Abstract

SixFifty AI transforms HR compliance by combining attorney-drafted legal summaries with cutting-edge AI-delivering actionable guidance in seconds. SALT LAKE CITY, Dec. 10, 2024 /PRNewswire/ -- https://c212.net/c/link/?t=0&l=en&o=4321099-1&h=3335153209&u=https%3A%2F%2Fwww.sixfifty.com%2F&a=SixFifty, a leader in HR [...]

Published
2024

32. Spyrix Empowers HR Departments with Innovative Monitoring and Analytics Software

Subjects
Computer programming, Labor productivity, Human resource departments, Computer programming, Workflow software, Company personnel management, Business, Business, international
Abstract

M2 PRESSWIRE-December 3, 2024-: Spyrix Empowers HR Departments with Innovative Monitoring and Analytics Software (C)1994-2024 M2 COMMUNICATIONS RDATE:03122024 Spyrix with its employee monitoring software is a fundamental instrument for HR [...]

Published
2024

33. WEX Launches Two AI Pilots for Benefits Administration

Subjects
Pilots and pilotage, Human resource departments, Business, Business, international
Abstract

WEX pilots GenAI benefits agent and AI-powered analytics to enhance employee decision making, mitigate the workload for overwhelmed HR teams during open enrollment season PORTLAND, Maine -- WEX (NYSE: WEX), [...]

Published
2024

34. King's team win coveted Personnel Today awards

Subjects
Human resource departments, Business, international
Abstract

London: King's College London has issued the following news release: The Organisational Development team at King's secured the coveted Overall Winner award at the 26th Personnel Today Awards, alongside the [...]

Published
2024

35. PR NO. 227 PAKISTAN AND JAPAN: PAVING THE WAY FOR A BRIGHTER ECONOMIC FUTURE FEDERAL MINISTER CHAUDHRY SALIK HUSSAIN HOSTS JAPANESE DELEGATION TO FOSTER BILATERAL COOPERATION ISLAMABAD: NOVEMBER 20, 2024

Subjects
International cooperation, Human resource departments, Company personnel management, News, opinion and commentary
Abstract

ISLAMABAD, Pakistan -- The following information was released by the Government of Pakistan: Federal Minister for Overseas Pakistanis and Human Resource Development Chaudhry Salik Hussain convened a strategic meeting with [...]

Published
2024

37. MS International HR Team Recognized with OnCon Icon Top 10 Award

Subjects
Human resource departments, Business, News, opinion and commentary
Abstract

M S International, Inc. (MSI) proudly announces its recognition as a 2024 OnCon Icon Award winner for top 10 HR teams. This prestigious honor recognizes MSI as having one of [...]

Published
2024

38. Michael Kahrig's service anniversary

Subjects
Human resource directors, Human resource departments, Company personnel management, Business, international
Abstract

Brilon: Brilon, Germany has issued the following news release: Michael Kahrig recently looked back on his 40th anniversary of service with the city of Brilon. In his speech, Mayor Dr. [...]

Published
2024

39. EU Contract Notice: SPMS, EPE - Servicos Partilhados do Ministerio da Saude, EPE Issues contract notice|solicitation for '(DAG) Specialized Support Services for the ACADEMY of the Human Resources Department (20240453)'

Subjects
Human resource departments, Contract agreement, Company personnel management, Business, international
Abstract

Luxembourg: SPMS, EPE - Servicos Partilhados do Ministerio da Saude, EPE has issued contract notice/solicitation for '(DAG) Specialized Support Services for the ACADEMY of the Human Resources Department (20240453)' Reference [...]

Published
2024

40. empinfo Streamlines Public Service Loan Forgiveness (PSLF) Solution for Employers and Employees

Subjects
Company personnel management, Social service, Workers, Extinguishment of debts, Human resource departments
Abstract

Revolutionary Platform Automates PSLF Form Preparation and Submission, Reducing Denied Claims Due to Inaccurate Applications. SAN JOSE, Calif., Oct. 16, 2024 /PRNewswire/ -- https://c212.net/c/link/?t=0&l=en&o=4279789-1&h=1829442261&u=http%3A%2F%2Fwww.empinfo.com%2F&a=empinfo, a leading provider of employment and [...]

Published
2024

43. Columbia Group Unveils Strategic Transition to Maritime HR Department Under New Leadership

Subjects
Shipping industry -- Human resource management -- Officials and employees -- Planning, Human resource departments, Company business planning, Company personnel management, Business, Business, international
Abstract

M2 PRESSWIRE-October 14, 2024-: Columbia Group Unveils Strategic Transition to Maritime HR Department Under New Leadership (C)1994-2024 M2 COMMUNICATIONS RDATE:14102024 Columbia Group has revealed exciting plans to transform its traditional [...]

Published
2024

46. Leidos announces Leslie Fautsch as chief human resources officer

Subjects
Human resource departments, General interest, News, opinion and commentary
Abstract

RESTON: Leidos has issued the following news release: Leidos (NYSE:LDOS), a Fortune 500(r) innovation leader, announced the appointment of Leslie Fautsch as the company's new chief human resources officer. In [...]

Published
2024

47. PracticeTek's HR Team Clinches Prestigious SDHR Forum Team of the Year Award

Subjects
Healthcare industry software -- Achievements and awards, Human resource departments, Business, Business, international
Abstract

SAN DIEGO -- PracticeTek, a leader in innovative healthcare software solutions, proudly announces that its Human Resources team has been honored with the coveted HR Team of the Year award [...]

Published
2024

48. Leidos announces Leslie Fautsch as chief human resources officer

Subjects
Human resource departments
Abstract

RESTON, Va., Oct. 7, 2024 /PRNewswire/ -- https://c212.net/c/link/?t=0&l=en&o=4271822-1&h=3979250523&u=http%3A%2F%2Fwww.leidos.com%2F&a=Leidos(NYSE:LDOS), a Fortune 500 innovation leader, today announced the appointment of Leslie Fautsch as the company's new chief human resources officer. In this [...]

Published
2024

49. Paylocity Skates onto the Ice as a Proud Partner of the Dallas Stars

Subjects
Hockey teams, Corporate sponsorship, Professional hockey, Human resource departments, General interest, News, opinion and commentary, Dallas Stars
Abstract

SCHAUMBURG: Paylocity Corporation has issued the following news release: Paylocity (NASDAQ: PCTY), a leader in cloud-based HR and payroll software solutions, announced today a new, multi-year corporate sponsorship with the [...]

Published
2024

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